For many people, Portugal’s Algarve is all about shimmering beaches and fresh seafood. However, there’s a whole inland section of the region with plenty of charms of its own. If a market town with mountain vistas appeals to you more than a coastal resort, it could be a great idea to retire to Monchique.
Portugal is a highly desirable location for permanent living and for retirement. But it’s not just about sunshine, great food and friendly people. The non-habitual residency scheme allows many people moving from overseas to pay a special low, flat tax rate on their Portuguese income – and no tax on foreign income, including pensions.
The ‘bread basket of Portugal’, the Alentejo is known for its farms and vineyards. It also has a gorgeous coastline, with some of Europe’s best (and least discovered) beaches. This paradise is one of the best value places to buy in Portugal, too. While house prices are booming in Lisbon and the Algarve, the Alentejo is 5.8% down on its peak levels. But don’t let that put you off – this is an up-and-coming location.
When Dave and Aly Sheldrake retired from their busy UK careers, the last thing they were looking for was a quiet retirement – so they swapped the UK for a new adventure in the western Algarve, pursuing their dreams as a photographer and artist. Eight years on, they know it was the right decision, saying they’ve ‘never felt happier or more relaxed about life’.